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Onex acquires 42% stake in tax services company Ryan

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Onex acquires 42% stake in tax services company Ryan

Private equity firm Onex Corp. bought a 42% stake in Ryan LLC for US$317 million.

The purchase price represents a US$1.1 billion valuation for the business tax services and software provider.

BofA Merrill Lynch was financial adviser to Onex, while Fried Frank Harris Shriver & Jacobson LLP was its legal adviser. Baker & McKenzie LLP was legal adviser to Ryan.